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Business Brainstorm: AG1 For Dogs, Sexy Sweaty Startups & Luxury Newsletters
My First Million
Understanding Veblin Goods and the Demand-Price Relationship
A Veblin good is a product where demand increases as the price increases. Unlike most goods, where demand increases as price decreases, a Veblin good follows the opposite trend. The concept explains why NFT projects can quickly gain popularity if their prices surge.
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